December 15, 2017 / 6:25 AM / a month ago

BRIEF-MonotaRO to set up JV in Shanghai with Sumitomo

Dec 15 (Reuters) - MonotaRO Co Ltd :

* Says it plans to set up a joint venture in Shanghai, China, in January 2018, with Sumitomo Corp

* JV will be mainly engaged in planing, supply and sale of industrial indirection material

* Says JV will be capitalized at 20 million yuan (about 340 million yen) and co will own a 75 percent stake in it

Source text in Japanese: goo.gl/ght7jB

Further company coverage: (Beijing Headline News)

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